Textiles firm Alok Industries today said its net profit rose by 24.20% to Rs 57.77 crore for the first quarter ended June 30, 2011, over the same period previous fiscal.
The company had registered a net profit of Rs 46.51 crore for the corresponding period previous financial year, Alok Industries said in a filing to the Bombay Stock Exchange (BSE).
Net sales of company rose to Rs 1,644.89 crore for the first quarter ended June 30, 2011, compared to Rs 1.098.97 crore in the year-ago period.
Shares of Alok Industries closed at Rs 25.10 on the BSE on Friday, up 1.21% from its previous close.